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he increased the income tax by 10%, but the hugesurge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have done what the republicans, perhaps too often. we talk about the economics of it, the theoryf it, if you will, the extraction of it, but but the reality is the republican party has not come up with a rejoinder, a response to a, if you will, a socialist redistributionist president wh right now claims the field is on because there is no other standard flying over hat field. there is a speaker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cann win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 5 percent are paying 87% of the income tax. it does not get any better than that. this is nder the bush tax rates. you eliminate those tax rates an you will get le
he increased the income tax by 10%, but the hugesurge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have done what the republicans, perhaps too often. we talk about the economics of it, the theoryf it, if you will, the extraction of it, but but the reality is the republican party has not come up with a rejoinder, a response to a, if you will, a socialist redistributionist president wh right now claims the field is on because...
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this offer more bipartisan credibility, speaker boehner said the plan is based on a proposal by former clinton chief of staff erskine bowles. bowles said he was flattered by the use of his name but satsz the proposal, quote -- so far, this greek fiscal drama has yet failed to return. the larger question for america, the play ends in tragedy on december 31st. joining me now from washington, is the president for -- president of americans for tax reform, conservative counter broker and the man who does not believe in unicorns, pink or otherwise, mr. grover norquist. grover, what a day to have you on the show. thanks for joining us. >> absolutely. of course, you know, north korea and -- media announced they did find unicorns in north korea. >> we don't often take our cues from them. i am one that firmly believes in the existence of unicorns somewhere and hopefully maybe in this fiscal cliff deal. grover, the first question i have for you is this, your pledge, the pledge that many republicans have signed on to, opposes any and all efforts to increase marginal income tax rates and opposes any net re
this offer more bipartisan credibility, speaker boehner said the plan is based on a proposal by former clinton chief of staff erskine bowles. bowles said he was flattered by the use of his name but satsz the proposal, quote -- so far, this greek fiscal drama has yet failed to return. the larger question for america, the play ends in tragedy on december 31st. joining me now from washington, is the president for -- president of americans for tax reform, conservative counter broker and the man who...
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mayor clinton. >> mayor chelsey clinton. >> jennifer: you think hillary clinton would be interested in being mayor? >> no, as great as new york is, i think it would feel like a demotioning to from traveling the world as secretary of state to dining the fine restaurant of new york. i think they'll vote in quinn. >> jennifer: karl, let me follow up with you. there is a new york democrat nate shinigoa who lost his race, but he received a letter from hillary clinton, and he posted it on his facebook. and she's in fact in that letter encouraging him to keep on fighting in the political website, saying that is new for clinton. do you think she's building support for a presidential campaign? >> i don't think she's building support to go on a nice long vacation. >> jennifer: i totally agree. >> which is probably what she's going to do, take a break while her team puts everything together. it's smart politics congratulating, and offering condolences to anyone who lost. i think it's pretty normal. i think it's usual that a candidate would put it up for the world to see but i think it's a smart t
mayor clinton. >> mayor chelsey clinton. >> jennifer: you think hillary clinton would be interested in being mayor? >> no, as great as new york is, i think it would feel like a demotioning to from traveling the world as secretary of state to dining the fine restaurant of new york. i think they'll vote in quinn. >> jennifer: karl, let me follow up with you. there is a new york democrat nate shinigoa who lost his race, but he received a letter from hillary clinton, and he...
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president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both want to have complete makeovers. you know -- marco rubio doesn't want to
president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that...
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what was so bad about the 39.6% highest rate under bill clinton? the economy was pretty good under bill clinton and that grumbling from democrats, i think, will be helpful to, ironically, republicans because a lot of republicans on the right are going to be saying to boehner, we had pledged to grover norquist no tax increase at all and here you are agreeing to what is effectively a tax increase. and i think that both sides are going to have to give a little bit of something, and that 37% may be the golden median. >> doug, let's talk about the unemployment report that came out today. it shows 7.7% unemployment. you know, i know a lot of democrats want to say, oh, it's dropping, but it seems to me for months and months and months, the unemployment numbers have just remained awful. they move a little up and down, but they're just a mess. 12 million people unemployed. it seems to me that that could cut either way. republicans could still lean on that and say, you may be winning the pr war on this thing right now, but don't forget, you've got a big prob
what was so bad about the 39.6% highest rate under bill clinton? the economy was pretty good under bill clinton and that grumbling from democrats, i think, will be helpful to, ironically, republicans because a lot of republicans on the right are going to be saying to boehner, we had pledged to grover norquist no tax increase at all and here you are agreeing to what is effectively a tax increase. and i think that both sides are going to have to give a little bit of something, and that 37% may be...
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hillary clinton has said she is not running. >> hillary clinton has said she is not running. when the mike is put in front of them, the red lights, things change quickly. >>gregg: gentleman, i have to call it quits for our political insiders. thank you so much, gentleman. more of our political insiders each monday at 10:30 a.m., eastern. they will be back here, of course, next sunday, same time, same channel. >>heather: coming up, an american doctor abducted by the taliban is saved in a daring rescue by united states forces. the doctor endure add grueling ordeal for five days. coming up, colonel oliver north how the mission went down. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >>gregg: we are lending more of the dramat
hillary clinton has said she is not running. >> hillary clinton has said she is not running. when the mike is put in front of them, the red lights, things change quickly. >>gregg: gentleman, i have to call it quits for our political insiders. thank you so much, gentleman. more of our political insiders each monday at 10:30 a.m., eastern. they will be back here, of course, next sunday, same time, same channel. >>heather: coming up, an american doctor abducted by the taliban is...
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clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of the democratic national committee to have effective control of the party apparatus and all the money that goes with that. lou: that's a big gift. >> well, he did a big deal for obama. lou: right. >> secondly, he wanted obama to agree that he would back hillary if she runs for president in 2016, and that was a verbal commitment he believed he had from barack obama. shortly after the election, according, again, to my sources, clinton sent obama a list of five names from which he could choose the next chairman of the democratic national convention. lou: a list from clinton to the president? >
clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of...
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try to do something a little bit more mainstream with a little bit more broad appeal, a la hillary clinton in her first couple of months up here on capitol hill. they don't expect her to focus entire loin the consumer financial protection bureau, for example. they think she would like a larger beach head on capitol hill and i think that is where this is going. >> thank you very much. take it down to sue at the nyse. >> i have kenny poll carry, independent trader at the nyse with me. you made a note in your morning note that we are stuck this in range until we get progress. >> look where we are, between 1400 on the downside you can and 1420 the upside. today, done absolutely nothing, at 1404, 1406 all day, not a lot of action, not a lot of activity at all. people just in this wait and see mode, right? more chatter out of washington. i think a lot of people expecting the interview with the president, hear what he had to same the market got weaker after spoke. >> down 18 point on the trading session now the volume disturbing now, because there is none. >> that just tells that you investors ar
try to do something a little bit more mainstream with a little bit more broad appeal, a la hillary clinton in her first couple of months up here on capitol hill. they don't expect her to focus entire loin the consumer financial protection bureau, for example. they think she would like a larger beach head on capitol hill and i think that is where this is going. >> thank you very much. take it down to sue at the nyse. >> i have kenny poll carry, independent trader at the nyse with me....
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new york city mayor bloomberg called hillary clinton and said you should be my successor as mayor. how do you think that conversation went? i think being a mayor of new york city gives you an opportunity to imagine things that are possible but not in real life. i can imagine how hillary clinton would be enticed to take on that smaller stage after her staging as the nation and the world for the last decade. >> jim, i wonder if she was flattered by it or thought to herself, i'm on the world stage here. why would i go and become mayor of new york city? >> i mean, everything i've read about sect clinton suggests that she's looking forward to a break at the end of this year. i don't think running for mayor is very conducive to that. it's not my idea of a relaxing time but i may be wrong. >> people are joking that mayor bloomberg looks tired. it's a big job. but the one thing she's been consistent about, she needs to sleep a little. great to see you. jim, thank you as well. >>> meantime, the u.s. navy is denying iran's claim that it has captured an unmanned drone. they say that none are
new york city mayor bloomberg called hillary clinton and said you should be my successor as mayor. how do you think that conversation went? i think being a mayor of new york city gives you an opportunity to imagine things that are possible but not in real life. i can imagine how hillary clinton would be enticed to take on that smaller stage after her staging as the nation and the world for the last decade. >> jim, i wonder if she was flattered by it or thought to herself, i'm on the world...
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secretary of state hillary clinton says that the u.s. stands by the syrian people and not president assad. >> the united states stands with the syrian people in insisting that any transition process result in a unified democratic syria in which all citizens are represented. the future of this kind cannot possibly include assad. >> meanwhile, senator john mccain has said that the u.s. needs to take action. >> we do know absolutely that these weapons have been readied for use by bashar assad's aircraft. we urge the president of the united states to make whatever military preparations are necessary. >> joining me now, joel ruben. thank you for joining me. have they already crossed the red line that the president put out for intervention? should the u.s. intervene, as senator mccain is asking for? >> the situation in syria is something we've never seen before. we have a country collapsing and this country has significant weapons of mass destruction. syria has not signed a chemical weapons convention. they have not, however, moved to use thes
secretary of state hillary clinton says that the u.s. stands by the syrian people and not president assad. >> the united states stands with the syrian people in insisting that any transition process result in a unified democratic syria in which all citizens are represented. the future of this kind cannot possibly include assad. >> meanwhile, senator john mccain has said that the u.s. needs to take action. >> we do know absolutely that these weapons have been readied for use by...
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. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i askd republican senator richard shelby of alabama for histake on the comments from boehner. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counterfers dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal liff. i think that the speaker has indicated that he will try to engage in, t to meet him and try to avoid the fiscal cleft that the presiient is gng to continue to say it is my way or the highway, that is another game. gei: it is. harry reid today saying that the game is at chess game, and the republicans are the jets. here is harry reid. >> he has a problem. he has three quarterbacks
. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i askd republican senator richard shelby of alabama for histake on the comments from boehner. >> i believe that speaker boehner is on the right...
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it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he didn't do last time. starting with the unreasonable position, with what he wants rather than what he thinks he'll get which is a better bargaining position. he's going out and trying to get people to pick up the phone, take up, you know, twitter and facebook and tell congress we want to get this done. so he's doing a lot of the things from a negotiating standpoint that he didn't do last it time around, while still, you know, kind of queuing up the blame game as both sides are doing to make sure that other guy takes the fall if it doesn't work. >> and i think to eric's point, this is w
it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he...
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secretary of state clinton said it would be a redlinebe for united states. back with the panel. it seems like this is serious today. the president weighing in. and the secretary of state. and action on the ground in syria increasing. >> no question they took the rhetoric to another level. there was a piece talking about how they consider a bolder approach on syria. to there was a precipitating event. the defection of the spokesman. either way, we are looking at white house obama administration taking this more seriously. the problem they face is a problem that they face in the sense of the last several months. the words don't mean as much now. they have been calling for assad to go for a year-and-a-half. they have been making the threats. very little of it has come to pass. there is very little action that supported the rhetoric over the course of the past year-and-a-half. if the stepped up rhetoric and hillary clinton identifying the use of chemical weapons as a redline which is well understood might give assad pause and people under him pause. it's the kind of situation where
secretary of state clinton said it would be a redlinebe for united states. back with the panel. it seems like this is serious today. the president weighing in. and the secretary of state. and action on the ground in syria increasing. >> no question they took the rhetoric to another level. there was a piece talking about how they consider a bolder approach on syria. to there was a precipitating event. the defection of the spokesman. either way, we are looking at white house obama...
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the latest abc news/"washington post" poll shows 57% would vote for clinton in a 2016 presidential bid. >>> turning now to news overseas. all eyes are on two tense situations developing by the hour that could have serious implications for the united states. in syria, with the assad regime growing increasingly desperate, intelligence reports indicate that a chemical attack against his own people could be imminent. even russia, syria's most powerful ally, is alarmed. their foreign minister met yesterday with secretary clinton, discussing the possibility of a syria without assad in power. this morning, rebels have declared damascus's airport a military target, warning civilians and airlines not to approach it. >>> and in egypt, tanks and barbed wire barricades returned to the streets of cairo as deadly protests raged outside the presidential palace. egyptian president mohamed morsi is calling for a national dialogue but is resolute about his controversial constitution. nbc's ayman mohyeldin is joining us live from cairo monitoring the situation. let's start with egypt. how much more troub
the latest abc news/"washington post" poll shows 57% would vote for clinton in a 2016 presidential bid. >>> turning now to news overseas. all eyes are on two tense situations developing by the hour that could have serious implications for the united states. in syria, with the assad regime growing increasingly desperate, intelligence reports indicate that a chemical attack against his own people could be imminent. even russia, syria's most powerful ally, is alarmed. their...
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president of americans for tax reform and robert reish, former secretary of labor for president bill clinton and the author of "beyond outrage." none of the three of us are beyond outrage, grover norquist, which is why i keep having you back. the situation it seems to me as an impartial observer here is that both sides have now made fairly ludicrous offers that they know the other side is never going to accept in a million years. that does beg the question, grover, why bother, given that both sides know where they need to move, why the games? >> well, it's not clear that both sides know. the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's n
president of americans for tax reform and robert reish, former secretary of labor for president bill clinton and the author of "beyond outrage." none of the three of us are beyond outrage, grover norquist, which is why i keep having you back. the situation it seems to me as an impartial observer here is that both sides have now made fairly ludicrous offers that they know the other side is never going to accept in a million years. that does beg the question, grover, why bother, given...
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the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future the pressure against the regime in and aroundamascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuinghe sharpest warning yet. >> the president of t united states made it clear there will be consequences. there will be consequences if the assad regime makes a terrible mistake by using chemical weapons on their own people. lou: neither the white house or pentago
the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary...
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federal law signed into law by president clinton in 1996. it says if a person is legally married in a state, the federal government can't recognize those marriages. that's where you talked about federal benefits heterosexual couples get and same sex couples do not. the prop 8 thing is bigger. while potentially it's confined to the state of california only, the question it out there having given the right to gay marriage could the state then take it away through proposition 8 passed by a majority of the vote nurse 2008. having taken that case, the court could get to the bedrock issue. can any state refuse to let same sex couples get married under the federal constitution. it could potentially be narrow or very far. >> pete, as i understand it, let me ask you. this one of these things, maybe the driving one, is defense of marriage act was about paying the estate act. where one of the two people said she didn't have to pay the estate tax because a married couple wouldn't have to. >> reporter: this is a case from new york. a woman named edie win
federal law signed into law by president clinton in 1996. it says if a person is legally married in a state, the federal government can't recognize those marriages. that's where you talked about federal benefits heterosexual couples get and same sex couples do not. the prop 8 thing is bigger. while potentially it's confined to the state of california only, the question it out there having given the right to gay marriage could the state then take it away through proposition 8 passed by a...
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according to "the new york times," blook called clinton to encourage her to run for mayor in 2013. the call reportedly took place months ago and hillary said thanks but no thanks. this comes as a recent headline from the new yorker editor david riddick declared hillary is running. he reads that conclusion after witnessing secretary clinton as a main speaker at a conference in washington this weekend where he says a slickly produced film on her political career ran like an international endorsement four years in advance of the iowa caucus. >> okay. new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask for more money. >>> and just one month after th
according to "the new york times," blook called clinton to encourage her to run for mayor in 2013. the call reportedly took place months ago and hillary said thanks but no thanks. this comes as a recent headline from the new yorker editor david riddick declared hillary is running. he reads that conclusion after witnessing secretary clinton as a main speaker at a conference in washington this weekend where he says a slickly produced film on her political career ran like an...
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former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting breast cancer in half. >>> coming up, corey booker lives on food stamps. the nfl steps in with a million dollars for jovan belcher's orphan daughter and high resolution images of your planet earth from space. the new technology uses filtering techniques that allows the images such as city lights, gas flares, auroras, wildfires and reflecting moonlight to be seen by the naked eye. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than thos
former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting...
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among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the cap
among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are...
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we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i think tom colts
we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight...
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michelle obama is competing with bill clinton for a grammy for best spoken word album. the first lady red the audio version of "american grown," the story of the white house garden. the former president narrated his book "back to work." those are a couple of things we thought you should knowment time for the news narc gut check. treasury he secretary tim geithner told cnbc yesterday that the obama administration is absolutely ready to go over the cliff if republicans refuse to raise tax rates on the wealthiest americans. take a look. >> when it comes to raising taxes on the wealthy, if republicans do not agree to that is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve the rates going up on the top 2% of the wealthy. >> orrin hatch called that one of the most stunning and irresponsible statements he's heard in some time. what does your gut tell you? do you support the obama administration's decision to go over the cliff? that does it for this edition of "news nation." thanks for hanging with
michelle obama is competing with bill clinton for a grammy for best spoken word album. the first lady red the audio version of "american grown," the story of the white house garden. the former president narrated his book "back to work." those are a couple of things we thought you should knowment time for the news narc gut check. treasury he secretary tim geithner told cnbc yesterday that the obama administration is absolutely ready to go over the cliff if republicans refuse...
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. >>> earlier today secretary of state hillary clinton said farewell to nato allies during a visit to brussels. as she contemplates the future, she may well be encouraged by a new washington post poll. asked if they would vote for her if she ran for president in 2016, 57% said yes while 37% said no. joining us is our white house correspondent kristen welker. we found out the editor of "the new yorker" said hillary clinton would run in 2016 and dustin hoffman would support her if she ran but what chatter are you hearing around the white house about that? >> reporter: democratic sources tell me the secretary of state just hasn't decided yet. she's still in the process of mulling over this decision. having said that, they also tell me that the political operation is doing what they need to do to preserve the right to run if that's what she decides to do in 2016. that's playing out behind the scenes. publicly we've seen this unfold for quite some time. her president, former president bill clinton, was president obama's key surrogate during this election cycle, setting the stage for presid
. >>> earlier today secretary of state hillary clinton said farewell to nato allies during a visit to brussels. as she contemplates the future, she may well be encouraged by a new washington post poll. asked if they would vote for her if she ran for president in 2016, 57% said yes while 37% said no. joining us is our white house correspondent kristen welker. we found out the editor of "the new yorker" said hillary clinton would run in 2016 and dustin hoffman would support her...
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the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i don't think you get -- could get rates through unless the president gave a little bit. and if you look at the document from the grand bargain back in july of 2011, the president was willing to give on that. so we'll have to see if they can get back to that. but again, has to be one significant item that they know they'll be able to build upon in the future. an item from both sides. >> neither side's going to be thrilled. but they've got to compromise. >> that's the way life usually works, doesn't it? >> certainly does. thank you. >>> meanwhile, huge announcement today on capitol hill. the con
the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i...